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Technology Stocks : Unitrode - UTR
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To: Andrew who wrote (30)9/22/1997 8:44:00 PM
From: The Jedi   of 50
 
You are right about the UTR being on NYSE so it is does not have a market maker. When I used the term market maker it was more generic in the sense even a stock on NYSE has to have a backing of either a fund or broker or some form where large amounts of money are involved.

I use technical analysis assuming fundamentals are reflected in it (not completly right here), and I just buy options 4-6 months out, so as to run with the trend. With only the premium at stake my risk to reward is mostly greater than 1. I got back in again with call options to ride out the split and the earnings report a month later.

I agree that fundamentals are important, but I do not subscribe to the over valued and under valued theory because it is based on a market that was never this high and never had this volatility.

I am not trying to sell my way of analysis just wanted to inform that it worked. It does not always work, but for me 80% of the time it has. In previous post of mine on the Tech options thread I wrote about some of the calls I had which I closed out early, and missed out on great opportunities. Got into UTR afain today, hope that I am right again.

As for getting UTR below 60 you will get a chance once it splits. My guess is you are looking for 60 pre-split (unlikely if the market keeps marching up). I think this is a great growth story, I will keep revisiting it.
Good luck to you

Kiri
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